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Please create income statement and balance sheet from the trial balance below. Trial Balance As of December 31st, 2018 Account Debit Credit Cash $8,000 Account
Please create income statement and balance sheet from the trial balance below.
| Trial Balance | ||
| As of December 31st, 2018 | ||
| Account | Debit | Credit |
| Cash | $8,000 | |
| Account Receivable | $763,349 | |
| Revenue | $763,349 | |
| Depreciation Expense | $26,000 | |
| Rent/Insurance | $35,000 | |
| Loan Payable | $39,500 | |
| Equity | $250,000 | |
| Utilities Expense | $4,500 | |
| Accumulated Depreciation | $26,000 | |
| Intangible Asset | $55,000 | |
| Wage Expense | $215,000 | |
| R&D Expense | $4,125 | |
| Account Payable | $16,125 | |
| Total | $1,102,974 | $1,102,974 |
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Financial Accounting
Authors: Jr. Belverd E. Needles, Marian Powers
9th Edition
0547070020, 978-0547070025
